GGZ vs IVV
Gabelli Global Small and Mid Cap Value Trust vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. GGZ delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | GGZ | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 3.00% | 0.03% | |
| AUM | $169M | $907.0B | |
| Dividend Yield | 4.34% | 1.10% | |
| Holdings | 312 | 508 | |
| YTD Return | +13.36% | +12.71% | |
| 1Y Return | +24.80% | +21.89% | |
| 3Y Return (annualized) | +19.25% | +22.08% | |
| 5Y Return (annualized) | +6.86% | +12.96% | |
| Volatility (annualized) | 21.3% | 15.1% | |
| Max Drawdown | -59.0% | -56.5% | |
| Fund Family | Gabelli Funds | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Jun 23, 2014 | May 15, 2000 |
GGZ vs IVV Performance
Gabelli Global Small and Mid Cap Value Trust (GGZ) is a ETF from Gabelli Funds and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year GGZ returned +24.80% while IVV returned +21.89%. Year to date, GGZ is up 13.36% versus a gain of 12.71% for IVV.
Over three years, GGZ compounded at +19.25% per year against +22.08% for IVV; over five years the annualized figures are +6.86% and +12.96% respectively. Across the full 12-year window we track, IVV has the edge at +7.00% annualized vs +5.35%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GGZ has been the more volatile fund, with annualized monthly volatility of 21.3% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -59.0% for GGZ and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GGZ charges 3.00% per year while IVV charges 0.03%. On a $10,000 position that is $300 vs $3 annually, a gap of $297 per year that compounds over a long holding period. On income, GGZ currently yields 4.34% against 1.10% for IVV.
Holdings Overlap
GGZ and IVV share 16 holdings out of 789 unique holdings combined, representing a 0.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GGZ or IVV?
GGZ has an expense ratio of 3.00% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $297 per year of difference.
Which performed better, GGZ or IVV?
Over the past year GGZ returned +24.80% vs +21.89% for IVV, so GGZ leads on 1-year performance. Over the longest common window we track (12 years), GGZ annualized +5.35% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, GGZ or IVV?
GGZ has been the more volatile fund at 21.3% annualized versus 15.1% for IVV. Worst drawdown: GGZ -59.0% vs IVV -56.5%.
Should I hold both GGZ and IVV?
GGZ and IVV have a monthly-return correlation of 0.83, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GGZ and IVV?
GGZ and IVV share 16 common holdings with a 0.6% weight overlap. Combined, they hold 789 unique securities.
Which pays a higher dividend, GGZ or IVV?
GGZ yields 4.34% while IVV yields 1.10%, so GGZ currently pays the higher dividend yield.
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